Africa Finance Corporation (AFC) has announced the appointment of Mr Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), as Chairman of its Board of Directors, succeeding the immediate-past Chair, Ireti Samuel-Ogbu. Mr Cardoso brings extensive experience spanning international banking, investment management, economic policy and public sector leadership. Since assuming office as Governor of …
Finance minister promises reforms in power, agriculture and regulation as CBN governor says stability is setting the stage for growth Nigeria has unveiled 65 investment opportunities across key sectors to attract domestic and foreign capital, create jobs and accelerate economic growth, as senior officials made the case to global investors on the sidelines of the …
The Securities and Exchange Commission (SEC) has stepped up efforts to help Nigerians recover unclaimed dividends and other investment assets, while strengthening investor protection and financial literacy in Nasarawa State. The initiative formed part of the Commission’s Capital Market Awareness, Unclaimed Funds and Investor Education Outreach Programme held in Lafia, where the regulator urged stronger …
Finance ministers and central bankers from 191 countries are in Thailand for the week-long gathering, the first outside Washington in three years. The 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group kicked off on Monday in Bangkok. They run through Sunday, October 18, as more than 15,000 policymakers, economists, …
The African Union (AU) has launched the African Credit Rating Agency (AfCRA), an Africa-based alternative to the global rating firms that shape how investors price the continent's debt. The launch took place on Wednesday and was broadcast live on X by the African Peer Review Mechanism (APRM), the AU organ that coordinated the agency's set-up. …
The International Monetary Fund (IMF) has warned that the world is being pulled in two directions: a negative energy supply shock from conflicts in the Middle East, and a positive demand shock from artificial intelligence (AI) that is also fuelling inflation. Record public debt is shrinking governments' room to respond. IMF Managing Director Kristalina Georgieva …
The Chief Executive Officer (CEO) of Nigerian Exchange Limited (NGX), Jude Chiemeka, has been elected President of the African Securities Exchanges Association (ASEA), effective September 30, 2026. Chiemeka, who also chairs the West African Capital Markets Integration Council (WACMIC), succeeds Pierre Célestin Rwabukumba, CEO of the Rwanda Stock Exchange. His appointment comes as ASEA seeks …
NPF Pensions Limited says it is taking its services directly to police retirees through a WhatsApp platform that has already onboarded almost 100,000 officers, even as it widens its investment options to sustain returns after the recent reduction in the Monetary Policy Rate (MPR). The Acting Managing Director of NPF Pensions, Mr Mohammed Dutse, disclosed …
The Federal Government has cleared all inherited pension liabilities, some dating back to 2007, through an N758bn intervention bond, providing long-awaited financial relief to 957,045 beneficiaries across the country. The Director-General of the National Pension Commission (PenCom), Ms Omolola Oloworaran, announced this in her keynote address, titled "From Reform to Reality: Renewed Hope, Pension Security …
Nigeria’s banking sector will enter 2027 with stronger capital buffers but face a tougher test of how effectively banks deploy the funds raised during the 2026 recapitalisation exercise, according to DataPro. The rating agency, in its Monthly Rating Brief for October, said the recapitalisation had structurally strengthened the banking industry but warned that the next …
